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Proposal for the City of Santa Ana <br />JYMoruan <br />j)r , , .rc.;[ ,z ,_ • +rH ;. r,.. •, tt hrt.tU+ 'Reel a hv3[t,< rc{7iFJi +Y t,O-- tfn'tii➢eiY +,v L+ <br />J.P. Morgan charges for the use of daily uncollected funds by applying a variable overdraft rate <br />(based on Prime). This is calculated using the following formula: <br />Avg. Negative Collected Bal. x OD Rate x Actual Days in Cycle / Days in Year <br />Negative Collected Balance Fee <br />Additionally, a daily occurrence fee of $50 is assessed on a per- occurrence basis. These fees <br />may be offset by Earnings Credit Allowance. <br />Your Relationship Manager, Amy Rutz, will handle overdrafts caused by funding failures. She will <br />act diligently to contact and work with the City of Santa Ana to help ensure the account is <br />processed appropriately. The calculation above is good for the term of the contract. <br />t;> trt <br />V141H tfrxrrp;,'ar hvl ifirfied'!'i,°rr ftt ";m( owi, .;rt 4?V' 9 <4:fr4'mf"roV. <br />J.P. Morgan will prepare an Account Analysis invoice each month, identifying all services <br />provided to the City of Santa Ana, along with any fees or costs incurred by the City. <br />ta,a rrr 3a a, ehz wfr prq+e-h 01 M,0e 0 0 ntv rr�ft<.- anFt x.'. =;� rlrsxf r:,r #,? sj�p+ =,a: oer P.� >r E3rtnd: tf ernf�fy °i�: <br />z a ,.=w }& ,enff fi fit'dt r,serr w jo ,ur? . <br />Please refer to Appendix 3 for a copy of our sample account analysis reports. Please refer to <br />Exhibit B — Consolidated Bid Form for information regarding specific cost or fees. <br />iYr p = ;d�lF iii ` t,; ifowrmq fir. irYt:i 3 <br />::7ag�trtt +rr t ike °raarz!df <br />ir=r t twit {r- a.rx; +<4If <br />Daylight Overdraft: <br />J.P. Morgan does riot charge for either intra -day credit (IDL) or intra -day liquidity (Fed daylight <br />overdraft) usage at this time, which is current market practice. <br />Overnight Overdraft is calculated as follows: <br />Avg. Negative Collected Bal. x OD Rate x Actual Days in Cycle / Days in Year <br />Negative Collected Balance Fee <br />FDIC insurance fee is calculated as follows: <br />FDIC rate x Monthly Average Positive Ledger Balance x (Days in Cycle ! Days in the Year) <br />Deposit Insurance Fee <br />Service Charge Credit is calculated as follows: <br />Avg. Investable Balance x ECR x Actual Days in Cycle / Actual Days in Year <br />Earnings Credit Allowance <br />Page 11 <br />